- Weakness in the mining sector dragged the FTSE 100 into the red, leaving the index trading 0.1% lower to 7,611 around midday.

Evraz (EVR) shed 1.8% to 504.4p followed by Glencore (GLEN), down 0.9% at 365.7p. Antofagasta (ANTO) declined 1.1% to 995.8p.


Stagecoach (SGC) cut its dividend by 35.2% for the year to 28 April to 7.7p amid concerns that cash flow would be unable to cover the payout. The transport operator also revealed a £85.6m loss from the early termination of the East Coast rail franchise. The shares advanced 1.3% to 135.8p after an initial 6% drop.

Oil major BP (BP.) bought electric vehicle charging firm Chargemaster in a bid to take advantage of a market that is expected to flourish in the future. Shares in BP were flat at 583.8p.

Pub operator Greene King (GNK) lost 7.7% to 589.6p after operating profits declined to £373.1m in the year to 29 April due to lower consumer spending and adverse weather.

Rare diseases specialist Shire (SHP) benefitted from a 2.1% boost to £41.82 following a failed attempt by shareholders at Takeda to block the $62bn acquisition of the company.

Shares in oilfield services provider John Wood (WG.) retreated 1.6% to 652p despite sales growing in its first half thanks to higher oil prices lifting demand for equipment and services.


Social games developer Gaming Realms (GMR) entered a conditional deal to sell its 70% stake in most of its UK online casino business to River UK Casino for up to £23.1m. Shares in the company rallied 9.9% to 9.4p.

Pharmaceutical services company Ergomed (ERGO) collapsed 26.1% to 175p after warning sales will be 5% lower than market consensus in 2018 due to delays in the start-up of some contracts.

Value butcher Crawshaw (CRAW) said its trading performance remained challenging amid lower footfall and squeezed consumer spending.

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